Entrepreneurship strong at Wuzhen conference

While investors are becoming increasingly conservative toward investment in technology startups, the entrepreneurial vibe was still strong at the Global Internet Competition "Straight to Wuzhen" during the sixth World Internet Conference.

The competition, which was held for the first time this year, saw 10 innovation projects covering artificial intelligence, robotics and the internet of things entering the final round held on Tuesday. Beijing Lux-Creo Technology Co Ltd, a 3D printing specialist, won the first prize.

LuxCreo CEO Yao Zhifeng said that the purpose of attending the Wuzhen Summit, especially the competition, was to help the Chinese manufacturing industry get smarter and better connected. To that end, 3D printing technology is crucial as it can shorten the supply chain. With it, production can be personalized and seek large scale at the same time, he said.